Sweden: Ethanol Market 2024

Ethanol Market Size in Sweden

The Swedish ethanol market soared to $X in 2022, picking up by 20% against the previous year. Overall, consumption, however, saw prominent growth. Ethanol consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Sweden

In value terms, ethanol production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2019 when the production volume increased by 1,878%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Ethanol Exports

Exports from Sweden

In 2022, exports of ethyl alcohol from Sweden reached X litres, growing by 9.3% compared with 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 529%. Over the period under review, the exports attained the maximum at X litres in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ethanol exports surged to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 152% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X litres) was the main destination for ethanol exports from Sweden, accounting for a 60% share of total exports. Moreover, ethanol exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X litres), threefold. The third position in this ranking was held by Switzerland (X litres), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +59.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+33.1% per year) and Switzerland (+122.3% per year).

In value terms, Germany ($X) remains the key foreign market for ethyl alcohol exports from Sweden, comprising 48% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.2% per year) and Denmark (+0.9% per year).

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, rising by 17% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Sweden

For the eighth year in a row, Sweden recorded growth in purchases abroad of ethyl alcohol, which increased by 0.9% to X litres in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ethanol imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X litres), the United States (X litres) and the Netherlands (X litres) were the main suppliers of ethanol imports to Sweden, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +290.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and the United States ($X) were the largest ethanol suppliers to Sweden, with a combined 70% share of total imports.

Among the main suppliers, the United States, with a CAGR of +247.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, rising by 34% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per litre), while the price for Brazil ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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